6 Questions to Ask Your Potential Accountant

Starting a company is hard enough without also worrying about your taxes. When it comes time to find an accountant, there are several questions you should ask before hiring anyone. Here are some helpful tips on what to look for when speaking with potential accountants:

1. What services do you offer and what are your rates for each service

Before hiring any professional, you should have a budget in mind and a list of must-have services.

Most tax professionals offer a range of services including assistance with filing taxes, preparing your business’s financial statements, sales tax services, and preparing your personal income taxes.

However, some accountants have more experience than others so it may be beneficial to find someone who has prior experience working in the industry of your business.

2. Do you have experience in my industry or with the type of business I am starting

No matter what industry your business falls under, having someone who is knowledgeable about what you do will be beneficial.

You should ask the tax accountants if they have worked with companies in your line of work before and see how many years of experience they have had working with other small businesses operating within the same industry as you.

3. Can you provide references that I can contact to see if they would recommend your work

Just like anyone else, most tax professionals are happy to provide you with references who will assure their recommendations are genuine.

These past clients are usually more than willing to tell about their experience with the accountant and whether or not they would recommend them.

When speaking with the clients, find out as much as you can about their experience with this accountant and what it is that they like or dislike about working with them.

4. Will you be able to provide me with an estimate on how much money I will need to start up my company, including any outside expenses?

Unfortunately, you can’t get away with not having to spend any money in order to start up your business.

Whether it’s buying furniture for your office space or paying the necessary filing fees, there are many things that need to be taken care of before you can open shop.

Your accountant should have some decent experience so they should be able to give you a rundown of how much expenses will cost, in total.

5. How will we communicate and when should I expect a response from you after reaching out to get clarity on something?

Finding an accountant who responds quickly is important because if your business doesn’t have someone who is willing to take care of the books, your business may be at risk.

However, you should also find someone who can communicate efficiently and in a way that makes sense to you and your employees.

An accountant’s communication ability should be one of the main things you look for when deciding on whom will work best for your business.

6. How often do you meet with clients?

It is crucial that you feel comfortable with who you hire so meeting with your potential accountant to discuss the progress of your business is recommended.

If they are unwilling to meet face-to-face, it’s probably best to look for someone else because having an open line of communication will be key in ensuring that your business stays afloat.

Conclusion

Hiring an accountant is a big step, but if done properly, it can be extremely beneficial to your business.

So before hiring someone for the job, make sure you go over these questions so that you will have a better understanding of whether or not this person will be a good fit for your business.

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